CandleFocus

WazirX Hacker Now Holds 34,154 ETH Following Massive Laundering Effort

Summary:

An ongoing investigation into the WazirX hack has revealed that the hacker responsible now owns around 34,154 ETH, amounting to approximately $83 million. Over the past week, the hacker sent an additional 20,000 ETH, worth roughly $47 million, to Tornado Cash, a decentralized platform known for obscuring crypto transactions. In total, the hacker laundered over 27,600 ETH, equivalent to approximately $65.5 million. This highlights the use of platforms like Tornado Cash for money laundering and showcases the vulnerabilities in the crypto sector. It also suggests the involvement of North Korean hackers in similar attacks.

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